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— Fritz Machlup"When I reviewed Hayek's book, The Pure Theory of Capital, it is my sincere conviction that this work contains some of the most penetrating thoughts on the subject that have ever been published."
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Hayek was making us think of the productive process as a process in time, inputs coming before outputs.
— Friedrich August von Hayek
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It is truly amazing that, with much less neuroscientific knowledge available, Hayek's model comes closer, in some respects, to being neurophysiologically verifiable than those models developed 50 to 60 years after his.
— Joaquin Fuster
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